West Greenland Hub - Germanium, Gallium and Other Strategic Minerals Confirmed at West Greenland Hub

Contributing sentiments towards policy:

57% : In light of the current global supply constraints for critical metals such as germanium and gallium, both vital to AI, defence, renewable energy and advanced technology applications - finding these elements in a mine which has the ability to restart relatively quickly, underscores the strategic importance of Amaroq's expanding portfolio to Western supply chains.
54% : Highlights Re-assayed bulk sample material from within the Black Angel deposit confirms the high-grade nature of the mineralisation, averaging 24.6% zinc, 28.1% lead and 295 g/t silver.Commercial levels of germanium (44 ppm) and gallium (21 ppm) and cadmium (1,328 ppm) also identified; adding significant value to the future project from these critical minerals1, two of which are on the EU and US Government critical mineral list.Under preliminary mass-balance assumptions, these results suggest commercial concentrate grades of 102 ppm Ge, 48.5 ppm Ga and 3,040 ppm Cd, may be achievable in a future zinc concentrate.All CPs in relation to the acquisition of the Black Angel mine completed and final approval from the Government of Greenland on the acquisition of the Kangerluarsuk licences expected in Q4 2025, jointly referred to as the West Greenland Hub.The acquisitions enhance Amaroq's pipeline of development projects and support its strategy to establish a long-term presence across Greenland's principal mineral belts, with Black Angel confirmed as Amaroq's next mine development project.Amaroq is pleased to confirm the West Greenland Hub will be 100% owned by Amaroq, separate from the Gardaq JV (Amaroq 51%), which will continue to focus on early-stage exploration activitiesThe Company also confirms that Black Angel will be advanced as a standalone mining development project and new hub for the Company.
53% : Next Steps At Black Angel, site reviews have been completed to define camp and facility upgrade requirements and to plan geophysical surveys ahead of the 2026 field season, which will target growth of the current Mineral Resource of 3.2Mt @ 8.8% Zn and 3.0% Pb Indicated and 0.5Mt @ 4.73% Zn and 2.2% Pb Inferred2 prior to commencing technical studies and mine development assessments.Initial work is expected to concentrate on the Deep Ice body, where high grade was confirmed from historical drilling of 6.9 m @ 13.1% Zn and 19.5% Pb%3.
50% : Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
23% : Inside Information This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").

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